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Eldercare
Reply to "Explain hiding assets from medicaid"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He has to make an appointment with a lawyer specializing in eldercare finances. Because of the look back period, it has to be done sooner rather than later. And then, if it turns out he doesn't want to, or cannot, be in a Medicaid facility, the money will still be there to pay for alternative care. So I'm not sure why you're balking, OP. Usually the elderly are a lot less accommodating and refuse to let go of their assets. [/quote] Any person who watches an elder person put their assets in trust so they can go into a Medicaid place and pass the money on to you, you are not a good person. Sincerely. This is F-ed up.[/quote] That’s very harsh. What really matters is whether Dad is competent. Not every Medicaid facility is a nightmare. Some are simple, but still provide excellent care. Until quite recently we had a very nice Medicaid facility in our hometown. Unfortunately after many decades, it is closing suddenly. Maybe dad is thinking of a particular place, it’s important for him to understand it may not be there in the future. But as many PP have pointed out, the option for better care will still be available , but if he’s satisfied with a Medicaid facility then ok. If he’s no longer competent, it will be up to daughter (assuming she is POA). This thread really underscore the importance of having hard discussions about finances and aging. It’s so much better when communication is open and there are plans and contingency plans in place. Good luck, OP, you sound like a devoted and caring daughter. [/quote]
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